Video duration: 126 seconds
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Over 48,000 jobs have been scrapped by General Motors, Ford and Chrysler, as Detroit automakers face massive financial turmoil due to an unstable economy. Cynthia Bowers reports.
Video duration: 99 seconds
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Congressional Democrats and the Bush Administration are working together in order to finalize a rescue multi-billion dollar taxpayer bailout for Detroits auto industry. Kimberly Dozier reports.
Video duration: 128 seconds
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Citing danger to the economy, President Bush approved an emergency bailout of the U.S. auto industry, offering $17.4 billion in rescue loans in exchange for tough concessions from the deeply troubled carmakers and their workers. (Dec. 19)
Video duration: 212 seconds
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Former Massachusetts Gov. Mitt Romney tells Maggie Rodriguez the auto industry should restructure after filing for bankruptcy instead of receiving a check to continue failed policy.